Page 1
Chase Manhattan Auto Owner Trust 2003-C
                                                 Statement to Certificateholders
                                                                February 17 2004



     DISTRIBUTION IN DOLLARS
               ORIGINAL             PRIOR                                                                               CURRENT
                FACE              PRINCIPAL                                                    REALIZED   DEFERRED     PRINCIPAL
CLASS          VALUE              BALANCE          PRINCIPAL     INTEREST         TOTAL         LOSES     INTEREST      BALANCE
                                                                                             
A1          212,000,000.00     184,291,302.90   30,500,253.13      192,584.41   30,692,837.54    0.00       0.00     153,791,049.77
A2          286,000,000.00     286,000,000.00            0.00      381,333.33      381,333.33    0.00       0.00     286,000,000.00
A3          234,000,000.00     234,000,000.00            0.00      440,700.00      440,700.00    0.00       0.00     234,000,000.00
A4          243,000,000.00     243,000,000.00            0.00      595,350.00      595,350.00    0.00       0.00     243,000,000.00
CERT         25,000,000.00      25,000,000.00            0.00       57,916.67       57,916.67    0.00       0.00      25,000,000.00
TOTALS    1,000,000,000.00     972,291,302.90   30,500,253.13    1,667,884.41   32,168,137.54    0.00       0.00     941,791,049.77





    FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                                                 PASS-THROUGH RATES
                              PRIOR                                                         CURRENT                    CURRENT
                             PRINCIPAL                                                    PRINCIPAL      CLASS        PASS THRU
CLASS        CUSIP            FACTOR           PRINCIPAL    INTEREST       TOTAL            FACTOR                      RATE
                                                                                           
A1         161581D86        869.29859858    143.86911854    0.90841703   144.77753557     725.42948005     A1        1.140000 %
A2         161581DC4      1,000.00000000      0.00000000    1.33333332     1.33333332   1,000.00000000     A2        1.600000 %
A3         161581DD2      1,000.00000000      0.00000000    1.88333333     1.88333333   1,000.00000000     A3        2.260000 %
A4         161581DEO      1,000.00000000      0.00000000    2.45000000     2.45000000   1,000.00000000     A4        2.940000 %
CERT       161581DF7      1,000.00000000      0.00000000    2.31666680     2.31666680   1,000.00000000    CERT       2.780000 %
TOTALS                      972.29130290     30.50025313    1.66788441    32.16813754     941.79104977



IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:
Kelly M Crosson
JPMorgan Chase Bank  - Structured Finance Services
4 NY Plaza, 6th floor,
New York, New York 10004
Tel: (212) 623-5439
Fax: (212) 623-5932

                   Copyright(C)2001 J.P. Morgan Chase & Co. All rights reserved.



                                                                          Page 2
Chase Manhattan Auto Owner Trust 2003-C
                                                                February 17 2004
                                                 STATEMENT TO CERTIFICATEHOLDERS




                                                       Due Period                                                                2
                                                       Due Period Beginning Date                                          01/01/04
                                                       Due Period End Date                                                01/31/04
                                                       Determination Date                                                 02/10/04

                                                                                                                 
Section 5.8(iii)                        Servicing Fee                                                                   810,242.75
Section 5.8(iii)                        Servicing Fee per $1000                                                         0.81024275

Section 5.8(iv)                         Administration Fee                                                                1,000.00
Section 5.8(iv)                         Administration Fee per $1000                                                    0.00100000

Section 5.8(vi)                         Pool Balance at the end of the Collection Period                            941,791,049.80

Section 5.8(vii)                        Repurchase Amounts for Repurchased Receivable
                                        By Seller                                                                             0.00
                                        By Servicer                                                                           0.00
                                        TOTAL                                                                                 0.00

Section 5.8(viii)                       Realized Net Losses for Collection Period                                             0.00

Section 5.8(ix)                         Reserve Account Balance after Disbursement                                   15,749,417.49

Section 5.8(x)                          Specified Reserve Account Balance                                            21,190,298.62

Section 5.8(xi)                         Yield Supplement Account Balance                                              3,043,679.58

Section 5.8(xii)                        Total Distribution Amount                                                    35,370,113.28
                                        Servicing Fee                                                                   810,242.75
                                        Administration Fee                                                                1,000.00
                                        Noteholders Distribution Amount                                              32,110,220.87
                                        Certficateholders Distribution Amount                                            57,916.67
                                        Deposit to Reserve Account                                                    2,390,732.99


                   Copyright(C)2001 J.P. Morgan Chase & Co. All rights reserved.